free market

noun

1. an economic system in which prices and wages are determined by unrestricted competition between businesses, without government regulation or fear of monopolies.

free market

noun

1. 1. an economic system that allows supply and demand to regulate prices, wages, etc, rather than government policy

   2. ( as modifier )

      a free-market economy

free market

1. The production and exchange of goods and services without interference from the government or from monopolies.

Other Word Forms

• free-market adjective
• free marketeer noun

Related Words

• liberalism